Why is Choksi Laborator falling/rising?

As of 20-Oct, Choksi Laboratories Ltd is experiencing a decline in its stock price, currently at 157.05, which reflects a decrease of 6.05 or 3.71%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 7.02%. Although it opened the day with a gain of 3.62% and reached an intraday high of Rs 169, it also touched a low of Rs 155, indicating significant volatility. The stock's performance over the past week shows a decline of 11.42%, and over the past month, it has decreased by 19.61%. Despite a strong year-to-date return of 109.20%, the recent trends suggest a downturn, exacerbated by a notable drop in investor participation, with delivery volume falling by 56.85% compared to the five-day average.
In the broader market context, the Sensex has increased by 2.47% over the past week and 2.10% over the past month, contrasting sharply with Choksi Laboratories' negative returns during the same periods. This underperformance against the benchmark indicates that the stock is not only struggling relative to its historical performance but also lagging behind the overall market trend. The liquidity of the stock remains sufficient for trading, but the recent decline in delivery volumes suggests waning investor interest, which could further pressure the stock price in the near term.